Personal financial planning involves translating financial goals into action plans.

Question

Quizplus · Accepted Answer

Personal financial planning is a process of setting financial goals and creating an action plan for achieving those goals. It involves creating a budget, saving and investing money, managing debt, and protecting assets through insurance, among other things. The ultimate goal is to achieve financial security and financial freedom. Therefore, it is true that personal financial planning involves translating financial goals into action plans.

Personal Financial Planning Involves Translating Financial Goals into Action Plans